Category: Accounting

Rates have not changed since the 2018 tax act, however, the amount of income included in eachbracket has increased for inflation. So if you want to know what tax bracket your income fallsinto, you can google the new 2024 brackets. These change every year. You may be surprised this year when you receive a 1099K […]

You usually prepare your own tax returns every year using tax software like TurboTax.  Your tax situation used to be simple, a W2 and not much else.  This year may be different.   Maybe your return has gotten too complicated to handle on your own, changes in your situation may also apply to new tax […]

The new Inflation Reduction Act that passed in congress this year has a surprising amount of tax implications for both individuals and small businesses.  Many of the provisions are extensions of the tax laws that were already in effect but were expiring, such as the Affordable Care Act health insurance premium credits, which were extended […]

The importance of small business accounting Have you heard the saying, if it doesn’t make any money it doesn’t make sense? I don’t know who said it, but when it comes to business, no statement could be truer. Most people who start businesses do so with the plan to make money. How do you know […]